Circuit City Files for Bankuptcy
Circuit City Files for Bankuptcy
November 10, 2008
Not unexpectedly, troubled electronics retailer Circuit City has filed for Chapter 11 bankruptcy protection, according to Bloomberg:
The Richmond-based company, founded in 1949... has lost more than $5 billion in stock-market value in two years. Circuit City plans to stay in business while it comes up with a plan to restructure...
Concerns among vendors that Circuit City wouldn't be able to pay for the merchandise it sells "escalated considerably'' in the past week, the company said in the filing.
Following last week's news that Circuit City would close more than 150 underperforming store, the chain will go forward with 566 locations in the United States.
Circuit City is the nation's second-largest electronics retailer and currently has between 5-10% of the video game market.
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Posted 07/30/10 at 10:25am
ZippyDSMlee: No lan too but that will be hack in, with 2X maps its as big as SC,so....want more now ;P
ZippyDSMlee: No lan too but that will be hack in, with 2X maps its as big as SC,so....want more now ;P
Posted 07/30/10 at 10:19am
Rodrigo Ybáñez García: @Cheater: Thank you, I´ll try it later. It happened after I installed the new upgrade, btw
Rodrigo Ybáñez García: @Cheater: Thank you, I´ll try it later. It happened after I installed the new upgrade, btw
Posted 07/30/10 at 01:27am
Andrew Eisen: I got hired to sing bass for an a cappella group tomorrow night. I have nine songs to learn. Yikes.
Andrew Eisen: I got hired to sing bass for an a cappella group tomorrow night. I have nine songs to learn. Yikes.
Posted 07/29/10 at 10:53pm
E. Zachary Knight: Zippy, I thought SC2 was only 1/3 of a game? ;)
E. Zachary Knight: Zippy, I thought SC2 was only 1/3 of a game? ;)
Posted 07/29/10 at 08:59pm
ZippyDSMlee: SC2 is god! BOW DOWN TO SC2!
ZippyDSMlee: SC2 is god! BOW DOWN TO SC2!
Posted 07/29/10 at 07:50pm
Cheater87: Garcia that sounds like a A/V problem. Try turning the TV on and off or doing that with the AV changer. Thats how I fix mine.
Cheater87: Garcia that sounds like a A/V problem. Try turning the TV on and off or doing that with the AV changer. Thats how I fix mine.
Posted 07/29/10 at 06:50pm
Andrew Eisen: The urinals now have floor mats!
Andrew Eisen: The urinals now have floor mats!
Posted 07/29/10 at 04:54pm
Rodrigo Ybáñez García: My PS3 is having some kind of failure. The sound is still there but the image is totally out...
Rodrigo Ybáñez García: My PS3 is having some kind of failure. The sound is still there but the image is totally out...
Posted 07/29/10 at 03:39pm
ZippyDSMlee: SC2!!SC2!!!SC2!!!!!!
ZippyDSMlee: SC2!!SC2!!!SC2!!!!!!
Posted 07/28/10 at 02:45pm
beemoh: Farmville creator Zynga closes one of its games, customers who paid for in-game content unimpressed (Link)
beemoh: Farmville creator Zynga closes one of its games, customers who paid for in-game content unimpressed (Link)
Posted 07/28/10 at 09:49am
Rodrigo Ybáñez García: He blames the internet, but not his abusive mother.
Rodrigo Ybáñez García: He blames the internet, but not his abusive mother.
Posted 07/28/10 at 09:48am
Rodrigo Ybáñez García: Akihabara murderer blames cyber bullying for rampage in 2008
Rodrigo Ybáñez García: Akihabara murderer blames cyber bullying for rampage in 2008
Posted 07/27/10 at 02:49pm
E. Zachary Knight: Holy Awesome Game Trailers Batman. Superman heat visioning people in the face and Jedi using Hadouken. Awesome.
E. Zachary Knight: Holy Awesome Game Trailers Batman. Superman heat visioning people in the face and Jedi using Hadouken. Awesome.
Posted 07/27/10 at 01:36pm
ZippyDSMlee: Ah I didnt see it down there :P
ZippyDSMlee: Ah I didnt see it down there :P
Posted 07/25/10 at 01:51pm
ZippyDSMlee: Cheater87:I do not think they see the need for it its a shame its more needed than E10.....
ZippyDSMlee: Cheater87:I do not think they see the need for it its a shame its more needed than E10.....
Posted 07/24/10 at 08:19pm
Cheater87: Zippy I sent them an email about a 15 age category a year or so ago and they said they had no plans for one at the moment. I'll send another one and see if they respond back again.
Cheater87: Zippy I sent them an email about a 15 age category a year or so ago and they said they had no plans for one at the moment. I'll send another one and see if they respond back again.
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Game Politics and Game Politics logo are trademarks of the ECA.
Comments
Not unexpected, but a buddy of mine won't be thrilled. He works for "The Source", which CC owns in Canada (used to be Radio Shack, but oddly enough, Radio Shack didn't own the Canadian outlets... Intertan did, and when it bought CC, it had to change the name because in the US it became Radio Shack's competitor...)
-- If your wiimote goes snicker-snack, check your wrist-strap...
Is it wrong that the first thing that went threw my head when I heard this on the radio was "Firesale!"
Yeah, that would be nice, but they are using the same CompUSA liquidator for the 155 closing stores. That means that everything will be marked up 50% invisibly and then they will hold a 30% off sale.
E. Zachary Knight
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Isn't that why CompUSA went under anyway?
Hunting the shadows of the troubled dreams.
I wonder, when CC's history is looked at, how much divx played a part in their eventual collapse. It seems like they never truely recovered from that mess and have been slowly sliding downhill since.
I'm pretty sure Best Buy also played a major role in hurting them for popularity. You can probably call it customer relations too. I may give them a try again, to take advantage of the low prices.
I'm pretty sure fireing 90% of the competent retail staff was part of it too.
Yeah, Fry's is awsome. Great service and I can get a question or two answered if I'm not exactly sure what I need/want.
There are like 4 of them in my area (Dallas/Fort Worth)
So, does that mean, by default, that the Source is bankrupt and will be closing as well?
Ouch no love.
~Weatherlight~
I still see ads for it, but not so much on TV and more on one website (Snafu-comics.com)
weird to see it go though...
Dammit, and I was thinking about applying for a job at CC.
Oh well, I can hop on the train to go to Best Buy.
"We may be human, but we're still animals" -Steve Vai (World's greatest guitarist!)